Business

New Zealand welcomes overseas investment in Build to Rent housing

Business

7 months ago

New Zealand welcomes overseas investment in Build to Rent housing

In a move aimed at addressing the shortage of quality rental housing, New Zealand has opened its doors wider to overseas investment in the...

Beyond flexible hours, part-time work emerged as the second most popular flexible work option.

Business

7 months ago

New Zealand businesses embrace flexible working hours, Stats NZ reveals

A significant majority of businesses in New Zealand have embraced flexible working arrangements, offering their employees the option to choose when they work,...

The primary income deficit widened by $0.8 billion to $12.5 billion, indicating that overseas investors earned more from their investments in New Zealand than what New Zealand investors earned from abroad.

Business

8 months ago

New Zealand's current account deficit narrows to $27.8 billion

New Zealand has witnessed a narrowing of its annual current account deficit, reaching $27.8 billion, or 6.9% of its gross domestic product (GDP) for...

The Riverland Foods factory, representing the company’s first foray into the Asia Pacific region, is set to become New Zealand’s largest export cannery for pet food.

Business

8 months ago

Trade access to overseas markets bolsters job creation, says Agriculture Minister

Minister of Agriculture and Trade, Todd McClay, today highlighted the job creation benefits of trade access to overseas markets during today’s inauguration of...

The EU stands as New Zealand’s fourth-largest trading partner, with bilateral goods and services trade valued at NZ$20.2 billion in 2022, accounting for 10.3% of New Zealand’s total trade.

Business

8 months ago

New Zealand fast-tracks ratification of NZ-EU Free Trade Agreement

New Zealand's government is accelerating the legislative processes to enact the New Zealand-European Union Free Trade Agreement (NZ-EU FTA) well ahead of schedule,

The favourite destinations for New Zealanders in January 2024 were Australia, China, the United States, Fiji, and India, showcasing a diverse range of travel interests, according to Stats NZ media release.

Business

8 months ago

New Zealanders set travel record in January 2024

In a significant post-pandemic recovery, New Zealand-resident travellers hit a record number in January 2024, marking the highest number of arrivals for any January...

Electronic card transactions (ECT) series, encompassing debit, credit, and charge card transactions with New Zealand-based merchants, offers insights into consumer spending patterns and economic activity, without adjustments for price changes.

Business

8 months ago

New Zealand's retail spending dips in February 2024

The latest data from Statistics New Zealand indicates a downturn in retail spending for February 2024, revealing a notable decrease in electronic card...

Business

8 months ago

New Zealand's international tourism inches towards pre-COVID levels

The latest data from the Ministry of Business, Innovation and Employment (MBIE) reveals a significant rebound in New Zealand's international tourism, nearing pre-pandemic...